Nigeria’s Stock Exchange: Market Capitalization gains N52bn

By Salamatu Ejembi.

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(From Left): Bola Adeeko, Head, Shared Services Division, The Nigerian Stock Exchange (NSE); Sephora Ese Akako, Senior Commercial Advisor, Danish Consulate to Nigeria; Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Per Christensen, Danish Consul-General to Nigeria, Consulate of Denmark in Lagos, Nigeria and Poul Erikstrup, Minister Counsellor, Food and Agriculture, Danish Consulate during a courtesy visit to the Exchange today in Lagos, Nigeria.

The Nigerian Stock Exchange has seen its first gain for this week as Tuesday’s trades closed with Market Capitalization standing at N14,516, gaining N52 billion from Monday’s closing of N14,464, while the All Share Index stood at 27,871.90 basis points, gaining 99.71 basis points from previous closing of 27,772.19 basis points on Monday. Overall, the equities market appreciated by 0.36%.

The Market traded 276.268 million units of shares worth N3,707 billion in 3,690.00 deals. However, market breadth was negative as only 13 stocks gained relative to 17 stocks that declined.

On the top of the gainers’ chart is U.A.C.N PLC with an opening price of N8.50k per share and a closing price of N9.30k per share, gaining 0.80k or 9.41 percent.

JAPAUL OIL & MARITIME SERVICES PLC was next with an opening price of 0.24k per share and a closing price of 0.26k per share, gaining 0.02k or 8.33 percent.

CADBURY NIGERIA PLC. opened at N9.00k per share and closed on Tuesday at N9.40k per share, gaining 0.40k or 4.44 percent.

Topping on the flip side is SKYWAY AVIATION HANDLING COMPANY PLC, which began transactions at N3.74k per share and closed at N3.37k per share, losing 0.37k or 9.89 percent.

CAVERTON OFFSHORE SUPPORT GRP PLC started at N2.94k per share and ended at N2.65k per share, declining by 0.29k or 9.86 percent.

MRS OIL NIGERIA PLC opened at N15.30k per share, closing at N13.80k per share, losing N1.50k or 9.80 percent.

Meanwhile, Per Christensen, the Danish Consul-General to Nigeria, Consulate of Denmark in Lagos, Nigeria, was at the Exchange today on a courtesy visit where he was honoured with a closing gong ceremony and presented with a replica of the gong.

Amaka E. Nliam